The World’s Most Expensive Apartment set to Open in Monaco

A penthouse apartment that is currently under construction in Monaco is set to be the world’s most expensive apartment when it reaches its completion. The price tag of the five-story, top-floor apartment at the Tour Odéon, a skyscraper that’s under construction in Monaco will be an estimated (and eye-watering) $400 million, which roughly converts to £240 million.

The apartment has multiple pools (for when one just isn’t enough), unbeatable views and even the inhabitant’s own private disco, though oddly enough, a communal gym which will be shared with other residents of the building. If that doesn’t put you off from making a bid, you can enjoy views of the coastline from the gym and other parts of the building from the floor-to-ceiling windows and outdoor terrace.

At 35,500 square-feet, the penthouse is almost $11,000 per square foot. The actual advertisement brochures alone for the development cost the company $1000 each to produce. Luckily for the developers of the construct however, nearly 30% of Monaco’s inhabitants are millionaires, so finding a buyer shouldn’t actually be too difficult.

The new skyscraper will be Monaco’s first skyscraper construction in 30 years, so it’s no surprise they want to make a (slight) impression. According to Yahoo! Homes, the current price tag of the penthouse is almost twice that of the current record holder, a unit in London’s One Hyde Park that sold for $223 million.

Developer Niccolo Marzacco told Challenges,“A property like this one is bought, it is not sold​.” The future owner of this apartment will accommodate in September 2015, and can get a glimpse of life in their new home from the photo-like artist renderings of the building, which will be 170 meters above sea level.

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I’m an English and creative writing graduate who loves writing about anything and everything – particularly interior design. My dream home would be bright, airy and minimalist. Probably not for very long though!